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2019 Supreme(Bom) 2145

SARANG V.KOTWAL
Sachin – Appellant
Versus
State Of Maharashtra – Respondent


Advocates Appeared:
Arvind Tiwari, Adv., Santosh Patil, Adv., M.N. Sandhyanshiv, Adv., Prashant Jadhav, Adv.

JUDGMENT

Sarang V Kotwal, J. - All these applicants are seeking anticipatory bail in connection with C.R.No.I-10/2019 registered at Gangapur Police Station, District Nashik u/sec. 420, 406 r/w 34 of I.P.C., and u/sec. 3 and 4 of Maharashtra Protection of Interests of Depositors (in Financial Establishments) Act, 1999 (M.P.I.D. Act).

2. All these applications are being decided by this common order because they arise out of the same investigation in connection with the same offence.

3. The FIR in this case is lodged by one Kishore Patil on 10/01/2019. He has mentioned in his FIR that, on 03/08/2018, he came to know about M/s. Karmabhumi Marketing Pvt. Ltd., through their advertisement placed in a newspaper. The company held a seminar on 03/08/2018 at Nashik which was attended by the first informant and his friends. It is alleged that the Managing Director Sharad Chavan, Vice Chairman Deepak Chavan, Admin Chhaya Chavan and the present applicants were Directors of the said company. They were present at the seminar. The applicant Sachin Gurav is described as Development Director and the applicant Sanjay Upadhye is described as Software Operator. It is further mentioned in the FIR that th

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